Identify the material loss, which may be re-cycled for production process. Select one: Defectives Waste damage Loss

Q: Which of the following cost items should be classified as an external failure cost on a cost of…

A: The question is related to quality cost. The quality cost is classified into two1. Cost of achieving…

Q: strap, and small pillows). Last year, Cherry Blossom Products sold 17,880 DVDs and 4,470 equipment…

A: What is a Sales Mix A sales mix is the collection of all of the products and services a company…

Q: If there is an unfavorable direct material usage variance due to the substandard quality of the raw…

A: Solution: If there is an unfavorable direct material usage variance due to the substandard quality…

Q: aw materlais be conv Anua niently and directly traced to the finished product are classified as…

A: Raw materials that can be conveniently and directly associated with a finished product are called…

Q: c.elimination of waste.

A: The right answer is d. All of these choices are correct.

Q: Identify the type of quality cost as per total quality cost concept: A.Lost profit from lost sales…

A: Total quality management has quality costs which are of four types namely, Prevention costs,…

Q: Why costing procedure is different for spoiled or defective material?

A: Spoilage means loss occurred during the production. It occurs due to sub-standard material,…

Q: What is the correct order of the inventories in regards to processing? Group of answer choices a…

A: Inventories are the collection of all those units which are available in enterprise in the form of…

Q: All of the following are internal failure cost except:   Downtime caused by quality problems…

A: Internal failure costs are those which not confirmed to the quality standards and are detected…

Q: When materials are received, employees count and inspect them and record the items’ quantity and…

A: Inventory management is all about keeping track of a company's goods or products. It involves…

Q: Which would be classified as an external failure cost on a quality cost report? a. Reentering data…

A: The cost of quality is the total cost related to external failure, cost of internal failure,…

Q: Kaizen costing aims to reduce costs during the phase of a product's life.

A: 1. The correct answer is: (A) Production    While some sources may suggest that Kaizen costing can…

Q: How does adding direct material at the beginning or end of a process affect the equivalent unit

A: Process costing is a significantly costing system to measure, monitor and control under different…

Q: material loss

A: Select the material loss, which severely damaged during production process. Correct answer :- C…

Q: 1. Which of the following is NOT a key characteristic of Conformance Costs? a) They include expenses…

A: Conformance costs, also known as prevention or appraisal costs, are expenses incurred to ensure…

Q: Define backflush costing.

A: Just-in-time (JIT) manufacturing system is an approach to manufacturing that eliminates and reduces…

Q: 1. Differentiate the treatment of spoilage using the First-in First-Out versus the weighted average…

A: Inventory management refers to the collection of tools, techniques, and strategies for storing,…

Q: Which of the following is not a prevention cost? a. testing finished products b. design…

A: The objective of the question is to identify which among the given options is not a prevention cost.…

Q: process costing, if an abnormal loss arises, the process account is generally: a)  debited with the…

A: In process costing when goods are produced it is produce by different processes that are done in…

Q: How are spoiled units accounted for in Process Costing?

A: Spoiled Units refers to the units which does not meet the required standards for quality and utility…

Q: Direct materials used and Direct labor cost  are incorrect

A: Direct consists of Direct labor, Direct Material. While applied manufacturing overhead is an…

Q: Explain briefly how with examples

A: Environmental accounting: It is the process of reporting the usage of natural resources available in…

Q: Please answer it if is TRUE or FALSE.

A: An external event is an event which involves parties or items externally to the organisation.…

Q: Classify the following items as per Total Quality Cost: Reporting & recording of defects:  Storing…

A: Total Quality Management is a method where it was used to improve and enhance the quality of the…

Q: How does time and motion study works? How could this method or process quantify the labor standard…

A: Cost accounting: Cost accounting is the process of classifying, recording, analyzing and…

Q: Differentiate between spoiled and defective material, why costing procedure is different for both?

A: A defective good is a good in which there is a manufacturing fault or defect, but this fault can be…

Q: The cost of the material, which is left over after the production process is complete, is:…

A: The correct answer is :-  Considered rework  Because cost incurred after the production is not…

Q: a. Product testing. b. Product recalls. c. Rework labor and overhead. d. Quality circles. e.…

A: The expense incurred to stop or avoid a product's quality issues is referred to as the prevention…

Q: Identify the material loss, which may be re-cycled for production process. Select one: a) Defectives…

A: Under cost accounting, at the time of manufacture of products, several costs are incurred like…